The Setup Target NYSE:TGT has had a very bearish fall off All-Time-Highs over the last 2 years. It has finally retraced the entire length of its run from the 2019 Pre-COVID High and returned to it as potential Support. Price MUST hold here or else continue down to lower levels in the "Valley of Risk". It is worth a trade off this level. The Trade:...
Bitcoin Breaks Bearish from the Daily Ichimoku cloud for the first time in 2023... a reverse of the call to buy in January. Is this the end of the trend? Stocks continue to rally... where is this recession we were supposed to have?
Some interesting news developments have transpired related to Bitcoin this week. On Monday, The SEC sued Binance with 13 charges. On Tuesday, The SEC sued Coinbase NASDAQ:COIN . The regulators have been busy this week going after the biggest crypto exchanges. It's almost as if we need a monetary system outside of government interference... What does...
Following up on my coverage of the Bitcoin 2023 trend it has now officially ended the same way it began: with price and momentum confirming a trend change on the Daily Ichimoku cloud. History: One of the major signals I use to identify trend changes and trading opportunities is when price and momentum clears the Ichimoku cloud. It was important to point...
Financial media finally acknowledges: stocks are now in a BULL MARKET. Tesla is ripping but who could have known when to buy it? -People that were watching my stream this year... Let's see if there is still opportunity to hop on to the 2023 market for
When's the last time anyone has looked at cruise lines? I remember back in 2020 cruise lines were the "value trade". It worked for a while after the pandemic drop... the price of these stocks recovered. NYSE:NCLH did a recovery back to the 50% Retracement Resistance of the drop itself... but could not quite get its head back above water. Yet another in a...
Did you sell in May and go away? Why is the stock market ripping with all the FUD and summer fun? Let's talk theories this week...
When is this much predicted recession coming? Debt ceiling worries and interest rates rising cannot keep the stock market from creeping to higher highs. Why? Let's talk theories but more importantly let's talk opportunities...
I've been talking about Gold COMEX:GC1! hitting a major high for my last two Livestreams (catch them Friday at 4pm Eastern after the market close). The current price action warrants a standalone post. Each Livestream for many months has had at least one person ask what I thought about Gold. It was very simple: Gold was trending UP to test the major Monthly...
All media invokes sensationalism to get clicks and views to see their ads. Some really play into the doomer mindset of their readers/viewers by selecting stories that amplify the theme of the world/economy/dollar ending and that the next crash is right upon us! I've been reading these headlines every day for over a decade now and it's just the way modern...
Gold bugs about to get crushed as price hits the high? The markets of warm months continues leaving everyone to ask... where is the opportunity? Is the Bitcoin blockchain getting too clogged?
Back from a vacation to the happiest place on Earth! This stream I'm going to get caught up on the week's price action with market recaps and positions summaries. Bring your symbols to look at to bring me up to speed on opportunities!
TSLA finally hit the Retracement Level I have been watching for months... is it set to launch and/or blow up like Elon's Starship? Stock market is still at a MAJOR Resistance. When is crypto going to move?
Some of my trading friends on social media thought I was crazy to short Tesla NASDAQ:TSLA in February after the January 2023 rally. To me it was obvious. There was a confluence of 50% Retracement Levels that I absolutely had to take a short. When you have a large trend ALWAYS mark the 50%. Take off the other Fibonaccis as they will confuse you. Once you...
Tradingview bestowed WIZARD level to me for my trading wizardry! Let's talk about stocks, cryptocurrency, and the "Banking Crisis"
Thanks to one of my Stream viewers @Casey_Louis for bringing NYSE:ONON to my attention. Many folks in my family love these shoes (my nephew even has the toddler versions). I like the initial survival of the 50% Pullback to $20/share. Now price is heading up for another leg. I do not like the breakout for myself... the reason being the initial IPO price just...
Back in March, all we could read about was the "Banking Crisis" whether it was written by mainstream financial media or Bitcoin Maxi blogs. Truly, the great end of the US Dollar was upon us finally, right? Well, like all panics, the fear abates and we can now see that said crisis amounted to only 3 banks failing for specific and now well understood reasons. ...
Preface and Disclaimer: I have a long term stake in Truist Financial Corp NYSE:TFC :( I wondered "why" Truist, company I have held for a very long time (when it was BB&T) would have been caught up in this contagion of small bank risk fears. An article by Seeking Alpha sheds some light on it: seekingalpha.com TL;DR, over the weekend analysis dug into their...